IMF gets $430 bil. funding boost

The finance chiefs of the G20 nations have pledged more than 430 billion dollars to shore up the lending capacity of the International Monetary Fund.

IMF OKs bailout to Greece

The International Monetary Fund has officially approved a 4-year bailout for Greece worth 28 billion euros, or around 36.6 billion dollars.

IMF spokesman Gerry Rice read a statement on Thursday after the global lender’s executive board meeting. It said the board approved the rescue to support Greece’s ambitious economic reform.

G20 issues joint statement

Group of 20 finance ministers and central bank chiefs say they won’t provide more funds to the IMF unless Europe makes further progress in tackling its debt crisis.

G20 finance ministers end 1st day meeting

G20 finance ministers and central bankers have agreed to discuss strengthening the lending capacity of the International Monetary Fund before their next meeting in April on the condition that Europe takes further action.

Moscow:Russia to the rescue

Laaska News  Nov. 16,2011                Read :Russia in changing world

Vladimir Putin. Photo: RIA Novosti   

Being fiscally sound, Russia is prepared to supply the IMF with extra funds for providing rescue to Europe.

France:New IMF chief may face criminal probe

Laaska News  July 8,2011

Christine Lagarde. Photo: EPA

UK supports Lagarde as IMF chief

Laaska News  May 22,2011

The UK has officially backed France’s Finance Minister Christine Lagarde as a new IMF chief. The 55-year old has already received support from Italy, Germany and some other European countries. However, South Africa and

IMF names John Lipsky as acting head

Laaska News  May 16,2011

IMF deputy head John Lipsky will serve as the Fund’s acting president, as the